WTI soars to near $74.50 as supply concerns deepen after US airstrikes on Houthi group

BY admin admin

West Texas Intermediate (WTI), futures on NYMEX, has climbed strongly to near $74.50 as investors worry about deepening oil supply concerns due to mounting tensions for merchant vessels through Red Sea.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

US 10-year yield breaking 0.6 while stocks were mixed

<p>The US stock markets continued to display some divergence overnight. DOW ended down sharply by -361.19 pts or -1.39%. S&P 500 also dropped -17.89 pts or -0.56%. Yet, NASDAQ scored anothe

Forex

EURCAD Faces Potential Downside Move

EURCAD attempted to break above the upper border of the wedge pattern on its 4-hour chart but failed, pulling back from 1.4687. This suggests a potential downside move in the coming days, with the tar

Forex

US Markit final Nov manufacturing PMI 56.7 vs 56.7 expected

The final revisions to the November manufacturing survey The ISM survey is due at the top of the hour.

Copyright © 2024 | WordPress Theme: Xews Lite